Answers

1. How is the first loss limit calculated?

This is at the discretion of the proposer and represents the limit that is claimable under this policy. If a claim is made then the limit is reduced by the value lost. If desired, a reinstatement premium can be paid to restore the First Loss Limit to the pre-loss level.

2. How is the rate calculated?

The rate is calculated by looking at all the features of the operations as well as the relationship between the first loss limit and the total amount of stock on site. For this reason it is important that an up-to-date stock inventory is supplied.

3. What does this policy cover against?

This policy covers stock mortality caused by one of the perils in the policy document. Please note that this is a â€˜named perilsâ€™ policy therefore, in the case of a loss, it will be up to the policyholder to prove that the loss was caused by an insured peril.

4. What is actually covered?

Stock is insured as per the indemnity scale in the policy document. This is produced using various pricing models around the UK. Only the species of fish listed are covered under this policy however this, and the indemnity value, can be reviewed on request.

11. If theft is suspected should I notify the police?

12. If disease is suspected what do I do?

If a disease is suspected the Environmental Agency should be notified as well as Sunderland Marine. A Disease Period will start from notification (we can only go back 72 hours). All mortality will be considered as part of a claim within the next 30 days less the normal expected mortality over a one month period.